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A red state is capping interest levels on payday advances: ‘This transcends governmental ideology’

Jacob Passy

‘once you ask evangelical Christians about payday financing, they object to it’

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Rates of interest on payday advances should be capped in Nevada, after passage through of a ballot measure on Tuesday. An average of nationally, payday loan providers charge 400% interest on small-dollar loans. (más…)

Often, you may need money fast. Whenever an emergency hits, such as for instance an automobile fix, appliance replacement, or other expense that simply cannot wait, the very last thing you want is always to invest valuable time trying to find a lender.

Sometimes, you’ll need money fast. When a crisis hits, such as for example a car or truck repair, appliance replacement, or other expense that can’t wait, the very last thing you want would be to invest time trying to find a loan provider. (más…)